Economy News

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Sensex, Nifty nearly flat; metal stocks drag

Investors in India hoped that the government's corporate tax cut last month would give a fillip to companies' September-quarter earnings.

4 days ago

PMC bank scam: ED identifies more assets of HDIL promoters, directors

The development comes a day after the probe agency revealed that Patel, as the then Union Minister of Heavy Industry, was a frequent flier on Wadhawans' luxury private jet Bombardier Challenger 300.

4 days ago

Can India defy US pressure and continue trade ties with Venezuela, Russia?

Finance Minister Sitharaman says India cannot sacrifice 'economic strength' and strategic interests to comply with US sanctions.

5 days ago

Even after growth rate cut to 6.1%, Indian economy remains 'very strong': IMF

India and China with their projected growth rate of 6.1 percent for the current year share the top rank among major economies.

5 days ago

PMC Bank crisis: After Sanjay Gulati, Fattomal Punjabi dies of cardiac arrest

Mulund resident Fattomal Punjabi, who was an account holder at the disgraced PMC Bank, died of a heart attack.

6 days ago

'Indian economy doing very badly': Nobel awardee Abhijit Banerjee

Abhijit Banerjee, who shared the Nobel prize for economics, said that the Indian economy is "doing very badly" even as the government is increasingly recognising that there is a problem.

6 days ago

Trump or Xi? Who has won the first round of US-China trade wars?

President Trump hails 'the greatest and biggest deal ever made for our Great Patriot Farmers'; US agrees to suspend next round of tariff hike on Chinese imports while Beijing will import $40-50 billion US farm products.

7 days ago

Market today: Nifty, Sensex rise ahead of inflation data; Infosys drops

Indian retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts.

7 days ago

When will economic slowdown end? World Bank predicts 2nd year of fall in growth

World Bank cut India's GDP growth estimate to 6% for the 2019-20 financial year against 6.9% it achieved in FY19 amid broad-based deceleration of different sectors in the earlier quarters of the year.

8 days ago

More than 5 lakh jobs expected to be lost due to slump in real estate industry

Several projects are stuck across the country and buyers are waiting for new developers to take interest and complete them.

8 days ago

IndiGo promoters' differences threaten services

Passenger traffic expected to grow in 2019, says Director General of DGCA

Arun Kumar said induction of aircraft in domestic airlines in the fourth quarter of 2019 would ease fares and usher in passenger traffic growth.

8 days ago

Inflation data, Q2 results may keep equities jittery

The growth has hit the 81-month low.

8 days ago

Raghuram Rajan's take on how worrying the economic situation is as growth slows

Former RBI governor Raghuram Rajan says that uncertainty over economic vision is causing deep distress in the economy whose growth forecast has been slashed multiple times this fisc.

9 days ago